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Commerce Past Questions and Answers

Commerce Questions

Question 161:
One advantage of personal selling over all other elements of promotion is that
  • A It can provide instant feedback
  • B It is very cheap in terms of cost per contact
  • C It does not need to use mass media
  • D Sales people are wewll trained
View Answer & Explanation
Question 162:
Which of the following must be present in an agency by agreement?
  • A Intentions
  • B Will
  • C Consent
  • D Authority
View Answer & Explanation
Question 163:
An agreement to sell is distinguishable from sale because in the former, the transfer of goods is
  • A Not anticipated
  • B Not discussed
  • C Deferred
  • D Immediate
View Answer & Explanation
Question 164:
Mr Amusa says to Mr Bello 'i will sell you this hat for N30'. And Mr Bello replied 'i will pay N29'. The contract is
  • A An offer and acceptance
  • B An implied contract
  • C A complete simple contract
  • D An offer but no acceptance
View Answer & Explanation
Question 165:
Nationalization of an industry means that its ownership becomes that of
  • A Government
  • B Shareholders
  • C Taxpayers
  • D Indigenes
View Answer & Explanation